William Sullivan
Flipping - Required to be a Contractor?
One of my agents just told me:
"Most people that rehab houses are contractors, they’re not going to hire contractors. Because, if it were that good, don’t you think a contractor would just do it?”
In my opinion, t...
Troy H.
Qualifing for an FHA loan in Raleigh, NC
Hello BP,I recently upgraded to BiggerPockets Pro and I'm ready to get off the sidelines. I'm ready to pursue my first rental property in the form of a multi-family house hack. I've done my research on FHA loans and I...
Isaiah Weekley
Estimate cost of adding a bathroom
Hey BP family! I was looking at some properties to possible brrrr so if a property has a permit for use as 2 dwelling units (household living) what would be your estimate of adding a bathroom to a 3bed 1 bath property...
Gerald Harris
Avoid Most Of Your Real Estate Wholesaling Problems If You Follow These 5 Rules
Wholesaling real estate can be an incredible way to build wealth and start your investing journey—but let’s be honest, it’s not without its challenges. The good news? You can sidestep most of the headaches if you stic...
Paul Papamarkos
Pulling out of offer if my rehab numbers were off
Hello BP,This may be a rookie question however I am estimating after repair values based on pictures of several listings.I was wondering if I place an offer prior to physically viewing the property will I be able to p...
John Curry
Written Tenant Rental Criteria
I recently read that to avoid or minimize a lawsuit, a property manager should have a written policy about how a applicant is qualified and if they have all the qualifications, it is first come first serve for that re...
Sylvia Schumacher
Bathroom remodel on my first RE investment - recommendations?
Hello!
I am closing on my first RE property in a week and it's a 3-1 SF in a B- to C-grade Cleveland area. Trying to rehab the house and then planning to rent it out.
I was hoping to get some inspiration from the B...
Ceril S.
Do you own a personal RV? Having problems justifying!
Hey BPers! I've been thinking a lot about hitting the road and traveling once we are empty nesters and I've been looking at RV's. The depreciation is horrifying! It's a house that I'll lose money on!!!Do any of you ...
Brian Erickson
Potential value add? 800 sq ft shop remodel?
Property is an 3 bed 1 bath 1230 sq ft SFR in a fairly hot market (Seattle) on a third of an acre.In the back yard of the property lies an 800 sq ft double wide. The previous owners were using it as a shop.The square...
Wilson Mui
Making an offer
If I understand correctly, some members advise offering a maximum of 70% of the ARV minus the repair costs for a property. This is usually a very steep discount to the asking price. Since most offers will probably g...